The video in this report is only accessible to members
The video in this report is only accessible to members

Key Takeaways

  • Minor stabilization has occurred in US equities and prices could bounce next week with ideal targets above SPX 4637 found near 4671 before yet another peak in price
  • Grains have broken out again and longs look appealing within the Agricultural space
  • Mid-caps look to be following Small-caps lower and Large-cap Value remains preferred

The trend in Equities near-term appears to be stabilizing, and it’s likely markets can bounce into April expiration.  While this past week has been hugely defensive in its focus, there’s been a bit of near-term stabilization in recent days and SPX prices have largely been range-bound right near Wednesday’s (4/6/22) close.   Ideally, prices should push up to test and briefly exceed late March peaks at 4637.30 with probable maximum targets at 4671 before stalling post 4/18. Any downside price action which violates 4400 would cancel this short-term rally call.

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Food prices spiked the most on record in March   

Friday’s news of the UN World Food Price index for March rising to 159.3 has led this index to make the largest monthly move higher on record.  While not an economist by trade, I suspect this means that commodity infl...

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